Red Oak Partners, LLC 4

What Happened

• Red Oak Partners, LLC (reported as a 10% owner) purchased a total of 27,744 shares of Motorsport Games, Inc. (MSGM) in open-market transactions on June 30, 2026. The filing reports two aggregated purchases: 17,879 shares and 9,865 shares at a weighted average price of $3.95 per share, for an aggregate reported cost of $109,672. These were purchases (not sales), which are generally considered more informative to investors than routine insider sales.

Key Details

• Transaction date: June 30, 2026.
• Report filed: July 2, 2026.
• Shares purchased: 17,879 and 9,865 (total 27,744).
• Weighted average price reported: $3.95 per share; reported total value $109,672.
• Price range across individual trades: $3.79 to $4.00 (multiple trades; reporting persons offer to provide per-trade details upon request) — footnote F4.
• Shares owned after the transaction: not disclosed in this Form 4.
• Notable footnotes:
  • F1/F2: Red Oak Partners is the general partner for The Red Oak Fund, LP and The Red Oak Long Fund, LP; David Sandberg is the managing member/portfolio manager.
  • F3: Reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest.
  • F4: Transactions were executed in multiple trades at prices between $3.79–$4.00; $3.95 is the weighted average.
• No indication in the filing of a 10b5-1 plan, option exercise, gift, or tax withholding related to these trades.

Context

• These purchases were made by an institutional/affiliate owner (a 10% owner) through funds managed by Red Oak Partners, not by an individual executive. Institutional buys can signal confidence by a large shareholder but do not necessarily reflect management views.
• The filing is transactional (P = Purchase). There is no evidence here of derivative exercises or immediate sales; this was a straightforward open-market acquisition.